5, BALFOUR CLOSE, WICKFORD, SS12 9QA - £505,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 BALFOUR CLOSE is a small extended detached house of 101m², built sometime between 1991 and 1995, which could now be worth an estimated £490,813. It was last sold for £505,000 in September 2022, which was around 26% below the average September 2022 detached price in the Basildon local authority area. The most recent EPC inspection was April 2021, where the current energy rating was D, and the potential energy rating was B.

5 BALFOUR CLOSE Sold Prices

Land registry data shows three sales for 5 BALFOUR CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Basildon local authority area for the corresponding sale date. All of the three 5 BALFOUR CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 29 SEP	£505,000	£678,266	26% below HPI
2009 2 OCT	£262,500	£319,843	18% below HPI
1996 27 JUN	£94,950	£100,176	5% below HPI

5 BALFOUR CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Basildon local authority area over time, sourced from the HPI. The three 5 BALFOUR CLOSE sales between June 1996 and September 2022 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the October 2009 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the September 2022 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 5 BALFOUR CLOSE be worth now?

5 BALFOUR CLOSE might now be worth an estimated £490,813.

This is based on house price deflation of 2.8%, between September 2022 and February 2025, for detached houses, in the Basildon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.8% deflationary decrease is applied to the most recent sale price for 5 BALFOUR CLOSE of £505,000 on 29th September 2022. For the value to have decreased from £505,000 to £490,813 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of 5 BALFOUR CLOSE has moved in line with the HPI for detached houses in the Basildon local authority area.
• The September 2022 sale price of £505,000 represented a fair market value for the property.
• The size, condition, and specification of 5 BALFOUR CLOSE has not materially changed since September 2022.

How Large is 5 BALFOUR CLOSE?

5 BALFOUR CLOSE is 101m², which includes one extension, according to the EPC inspection conducted in April 2021. This puts it in the smallest 40% of detached houses houses in Wickford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wickford, and where 5 BALFOUR CLOSE lies on this distribution: 38% of detached houses houses are smaller than 5 BALFOUR CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Wickford.

5 BALFOUR CLOSE: Plot and Title Map

5 BALFOUR CLOSE sits on a plot of roughly 0.112 of an acre, or 452m². The below map shows the location of 5 BALFOUR CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 5 BALFOUR CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 5 BALFOUR CLOSE?

5 BALFOUR CLOSE is located in WICKFORD, in the SS12 postcode district. The below map shows the position of No. 5 on BALFOUR CLOSE.